Delaney Simchuk, Car Insurance Writer
@delaney_simchuk
Insurance on a Tesla Model 3 is about $2,409 per year for minimum coverage, based on multiple third-party sources online. Your exact annual premiums will depend on your state’s minimum coverage requirements, your age, your driving record, and which insurance company you choose. But you are likely to pay more for insurance on a Tesla Model 3 than the average vehicle.
Factors That Affect the Cost of Insurance for a Tesla Model 3
The cost of car insurance varies based on the body type, age, and make of the specific vehicle. Typically, older vehicles are cheaper to insure simply because they are less valuable and thus less expensive to repair or replace. However, if you have upgraded features, this could make Tesla Model 3 insurance more expensive, since vehicles with special features are often more complicated to repair.
To learn more, check out WalletHub’s guides to the average cost of car insurance and factors that affect car insurance rates.
People also ask
What are the cheapest cars to insure for first-time drivers?
The cheapest car to insure for a first-time driver is the Subaru Forester. Other cheap cars to insure for new drivers include the Dodge Grand Caravan and Honda Odyssey, thanks to their low repair costs, high safety ratings, and low accident rates compared to expensive, high-powered vehicles. In fact, the characteristics of these vehicles make them the cheapest options for most drivers, regardless of age and experience.
Cheapest Cars to Insure for First-Time Drivers
- Subaru...
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